Public debt to hit record high

by PV/VTV02 June 2017 Last updated at 13:59 PM

(Photo illustrated: baodatviet.vn)

VTV.vn - Moving onto some other economic news. According to a representative of the Department of Debt Management and External Finance in the Ministry of Finance, Vietnam's public debt was 63.7% of the GDP in 2016.

With an estimated economic growth rate of 7%, the debt may hit a record high of 64.8% this year. The government, along with the Ministry of Finance, has set up a debt management program to keep the public debt ratio below 65% until 2018.

The plan also aims to keep the allocation and use of loans in line with their original purposes, keep debt indexes at safe levels, and ensure debt repayment capacity.